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European Central Bank to introduce digital euro with new DEAN account numbers
The European Central Bank is working to develop the digital euro as a legal digital means of payment for all citizens within the European Union. This initiative is intended to complement existing cash in the eurozone rather than replace it.
To facilitate the use of this digital currency, a new account number known as the DEAN (Digital Euro Account Number or Digital Euro Access Number) will be required. The DEAN is designed to consist of 18 characters and will always begin with the prefix ‘EU’. Unlike the IBAN system, the DEAN will not allow a user's country to be identified.
Under the proposed system, private individuals will be limited to holding a single DEAN, while companies will be permitted to hold multiple accounts. For ease of use, the DEAN can be linked to an alias, such as a mobile phone number, and managed through a digital wallet. Initial tests with banks are projected to begin in the second half of 2027.
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What the coverage asserts, and how many sources carry each claim.
- [● 9 SOURCES] The European Central Bank intends to develop the digital euro as a legal digital means of payment for all EU citizens. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [● 9 SOURCES] The digital euro is designed to complement cash in the eurozone rather than replace it. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [● 9 SOURCES] Private individuals are limited to one DEAN, whereas companies are permitted to hold multiple. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [● 9 SOURCES] The DEAN will not allow a user's country to be identified, unlike the IBAN system. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [● 9 SOURCES] The DEAN will consist of 18 characters and will always start with the prefix EU. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [● 9 SOURCES] A new account number called a DEAN (Digital Euro Account Number or Digital Euro Access Number) will be required to use the digital euro. www.dattelner-morgenpost.de · www.halternerzeitung.de · www.marler-zeitung.de · www.ruhrnachrichten.de · radioosnabrueck.de · +4 more
- [○ 1 SOURCE] First tests with banks are planned for the second half of 2027. www.giga.de